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Fly-E Group
Fly-E Group (FLYE) investor relations material
Fly-E Group Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary18 Dec, 2025
Executive summary
Net revenues for the quarter ended September 30, 2025, declined 42.7% year-over-year to $3.9 million, and for the first half fell 37.2% to $9.2 million, mainly due to a 61% drop in average unit price and lower retail sales after lithium battery safety incidents and store closures/disposals.
Net loss increased 55.4% year-over-year to $1.8 million for the quarter and reached $3.8 million for the first half, driven by lower revenues, reduced gross margin, and higher interest expenses.
The company shifted focus to wholesale and rental segments, with wholesale revenue up 91.3% year-over-year in Q2 and rental business gross margin at 79.8%.
Operating expenses declined 51% year-over-year in Q2, reflecting cost optimization and retail store closures.
Significant legal proceedings were initiated, including a federal securities class action and two shareholder derivative actions, related to alleged misstatements about lithium battery safety and a sharp stock price decline.
Financial highlights
Gross margin for the quarter was 25.0%, down from 42.6% a year ago, and first half gross margin was 35.1% versus 40.9% a year ago.
EBITDA for the quarter was negative $0.96 million, and for the first half negative $2.2 million.
Interest expenses for the quarter surged to $0.54 million from $0.02 million a year ago, reflecting higher borrowings and rates.
Cash balance increased to $2.5 million as of September 30, 2025, from $0.8 million at March 31, 2025.
For the six months ended September 30, 2025, net revenues fell 37.2% year-over-year to $9.2 million, and net loss widened to $3.8 million from $1.3 million.
Outlook and guidance
Management plans to address going concern risks through further equity and debt financing and related party support, but there is no assurance of success.
The company expects further decreases in payroll and operating expenses as more retail stores are sold.
Expansion of rental services and new product launches are planned, but market and regulatory headwinds persist.
Focus remains on enhancing profitability, strengthening product/service portfolio, and improving operational efficiency for long-term growth.
Plan for UL certification of EV batteries?
Status of private placement proceeds?
Net benefit of retail store dispositions?
Mitigate battery safety concerns impact on retail?
Future of retail stores post-dispositions?
Scaling plan for high-margin rental business?
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Next Fly-E Group earnings date
Q3 202619 Mar, 2026
Fly-E Group
Next Fly-E Group earnings date
Q3 202619 Mar, 2026
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Frequently asked questions
Fly-E Group Inc. is an electric vehicle company specializing in the design, installation, and sale of smart electric motorcycles, electric bikes, electric scooters, and related accessories. The company operates under the Fly E-Bike brand and serves customers primarily in the United States and Canada. Fly-E Group's product lineup includes e-mopeds, e-tricycles, and traditional bikes, along with a range of accessories such as raincoats, gloves, storage baskets, and upgrade components like carbon fiber body panels. The company also offers value-added services including repair, maintenance, and customization through its retail stores. Fly-E Group is headquartered in Flushing, New York, and its shares are listed on the NASDAQ.
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